Barclays Initiates Coverage on Pinterest (PINS)

Barclays began coverage on shares of Pinterest (NASDAQ:PINS) in a research note published on Monday, BenzingaRatingsTable reports. The brokerage issued an equal weight rating and a $28.00 target price on the stock.

A number of other equities analysts also recently issued reports on the company. Susquehanna Bancshares assumed coverage on Pinterest in a research note on Monday, May 6th. They set a neutral rating and a $35.00 target price for the company. Argus assumed coverage on Pinterest in a research note on Friday. They set a hold rating for the company. Nomura assumed coverage on Pinterest in a research note on Friday. They set a buy rating and a $34.00 target price for the company. Rosenblatt Securities assumed coverage on Pinterest in a research note on Wednesday, May 8th. They set a neutral rating and a $32.00 target price for the company. Finally, DA Davidson assumed coverage on Pinterest in a research note on Monday, April 15th. They set a neutral rating for the company. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $30.62.

PINS opened at $26.63 on Monday. Pinterest has a 52 week low of $23.05 and a 52 week high of $35.29.



In other news, Director Fredric G. Reynolds purchased 40,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $27.04 per share, for a total transaction of $1,081,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Pinterest Company Profile

There is no company description available for Pinterest Inc

Featured Story: How mutual funds make money

Analyst Recommendations for Pinterest (NASDAQ:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.